The market for small hydropower stations is well developed in Armenia and the government has created incentives for investment. Energy law mandates that the power distribution grid buy electricity generated... Show More + by small hydro power stations for 15 years after they become operational. The Public Services Regulatory Commission has established feed-in tariffs for the electricity they produce."The feed-in tariffs enable developers to assess, based on technical parameters, whether it makes business sense to invest without having to rely on any state official, and the guarantee of 15 years of purchase meant that the developers could confidently invest in this area," says Robert Nazaryan, Chairman of the Public Services Regulatory Commission.The end of the energy crisis in the 90's was the beginning of a new era for Armenia. One of the lessons learned was to use local resources efficiently to ensure the country's energy independence and security. And as its energy resources are limited, Show Less -